Comstock Holding Companies (NASDAQ:CHCI) Receives New Coverage from Analysts at StockNews.com

Posted by Patrick Bannon on Aug 11th, 2024

StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI – Free Report) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Trading Up 0.8 %

Shares of NASDAQ CHCI opened at $6.48 on Thursday. Comstock Holding Companies has a 1 year low of $3.85 and a 1 year high of $8.56. The firm has a market capitalization of $63.67 million, a PE ratio of 8.31 and a beta of 0.74. The firm’s 50-day moving average is $6.33 and its 200-day moving average is $5.94.

Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last announced its earnings results on Tuesday, May 14th. The construction company reported $0.09 EPS for the quarter. Comstock Holding Companies had a net margin of 17.61% and a return on equity of 22.60%. The business had revenue of $10.64 million during the quarter.

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 5,911 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $7.89, for a total transaction of $46,637.79. Following the completion of the transaction, the chief operating officer now directly owns 95,221 shares in the company, valued at $751,293.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.95% of the company’s stock.

About Comstock Holding Companies

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Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.